Compass Wealth Management LLC Lowers Position in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Compass Wealth Management LLC decreased its position in shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,255 shares of the semiconductor company’s stock after selling 695 shares during the period. Taiwan Semiconductor Manufacturing comprises about 1.4% of Compass Wealth Management LLC’s holdings, making the stock its 17th largest holding. Compass Wealth Management LLC’s holdings in Taiwan Semiconductor Manufacturing were worth $5,975,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TSM. Geneos Wealth Management Inc. raised its holdings in Taiwan Semiconductor Manufacturing by 4.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 13,859 shares of the semiconductor company’s stock worth $2,737,000 after purchasing an additional 547 shares in the last quarter. Aspiring Ventures LLC bought a new position in shares of Taiwan Semiconductor Manufacturing in the 4th quarter worth about $785,000. Accel Wealth Management lifted its position in Taiwan Semiconductor Manufacturing by 2.5% during the 4th quarter. Accel Wealth Management now owns 2,037 shares of the semiconductor company’s stock valued at $402,000 after acquiring an additional 49 shares during the period. DGS Capital Management LLC boosted its stake in Taiwan Semiconductor Manufacturing by 5.4% during the fourth quarter. DGS Capital Management LLC now owns 22,248 shares of the semiconductor company’s stock worth $4,394,000 after acquiring an additional 1,132 shares in the last quarter. Finally, Bennett Selby Investments LP grew its holdings in Taiwan Semiconductor Manufacturing by 5.4% in the fourth quarter. Bennett Selby Investments LP now owns 1,412 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 72 shares during the period. Institutional investors own 16.51% of the company’s stock.

Taiwan Semiconductor Manufacturing Stock Down 1.3 %

Shares of TSM stock opened at $221.73 on Friday. The company has a market capitalization of $1.15 trillion, a price-to-earnings ratio of 31.50, a PEG ratio of 0.74 and a beta of 1.07. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.57 and a quick ratio of 2.30. The company’s fifty day moving average price is $201.07 and its 200-day moving average price is $185.75. Taiwan Semiconductor Manufacturing Company Limited has a one year low of $112.61 and a one year high of $226.40.

Taiwan Semiconductor Manufacturing (NYSE:TSM) last announced its quarterly earnings results on Thursday, January 16th. The semiconductor company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.08. Taiwan Semiconductor Manufacturing had a net margin of 40.51% and a return on equity of 30.47%. Sell-side analysts expect that Taiwan Semiconductor Manufacturing Company Limited will post 9.12 EPS for the current fiscal year.

Taiwan Semiconductor Manufacturing Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Tuesday, March 18th will be issued a $0.5484 dividend. The ex-dividend date is Tuesday, March 18th. This is an increase from Taiwan Semiconductor Manufacturing’s previous quarterly dividend of $0.49. This represents a $2.19 dividend on an annualized basis and a dividend yield of 0.99%. Taiwan Semiconductor Manufacturing’s payout ratio is 27.27%.

Wall Street Analysts Forecast Growth

TSM has been the topic of a number of analyst reports. StockNews.com raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Needham & Company LLC reissued a “buy” rating and issued a $225.00 target price on shares of Taiwan Semiconductor Manufacturing in a research note on Thursday, January 16th. Barclays lifted their price target on Taiwan Semiconductor Manufacturing from $240.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Finally, Susquehanna restated a “buy” rating on shares of Taiwan Semiconductor Manufacturing in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $220.00.

Taiwan Semiconductor Manufacturing Company Profile

Taiwan Semiconductor Manufacturing Company Limited, together with its subsidiaries, manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides a range of wafer fabrication processes, including processes to manufacture complementary metal- oxide-semiconductor (CMOS) logic, mixed-signal, radio frequency, embedded memory, bipolar CMOS mixed-signal, and others.